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Crypto token ether could rise five-fold by 2026-end: StanChart

Economic Times

Economic Times · 1y ago

Crypto token ether could rise five-fold by 2026-end: StanChart

According to Standard Chartered, the global bank, the value of Ether, the second-largest cryptocurrency, may increase by more than five times by the end of 2026. They predict Ether could reach $8,000 in the next two years due to its growing usage in blockchain-based smart contracts, gaming, and asset tokenization. The valuation estimate assumes future use cases and revenue streams that may not have emerged yet, indicating long-term growth potential. Ether is currently trading around $1,575.

Related News

StanChart launches bitcoin, ether spot trading for institutional clients - The Economic Times

Economic Times

Economic Times · 1m ago

StanChart launches bitcoin, ether spot trading for institutional clients - The Economic Times

Standard Chartered has launched spot trading for bitcoin and ether through its UK branch, catering to institutional clients like corporates, investors, and asset managers. This move is to meet the growing demand for crypto assets. As the first global systemically important bank to offer secure, regulated, scalable access to bitcoin and ether spot trading, StanChart plans to introduce non-deliverable forwards trading soon. The initiative ensures digital asset trading within regulatory requirements.

Peter Thiel's Founders Fund invested $200 million in crypto before bull run

Economic Times

Economic Times · 1y ago

Peter Thiel's Founders Fund invested $200 million in crypto before bull run

Venture capital firm Founders Fund, founded by Peter Thiel, has reportedly invested $200 million in bitcoin and ether, marking Silicon Valley's renewed interest in cryptocurrency markets. The move reflects institutional investors' return to token investments after the crypto market crash in 2022. Founders Fund previously invested in bitcoin in 2014, liquidating it before the crash and earning significant returns. The fund purchased bitcoin and ether last summer and continued acquiring over several months. The current investment comes as bitcoin price reaches $50,000, though still below its peak in November 2021.

Bitcoin ETFs Are Off to a Roaring Start. Are Other Crypto Funds Next?

Livemint

Livemint · 1y ago

Bitcoin ETFs Are Off to a Roaring Start. Are Other Crypto Funds Next?

Several Wall Street firms, including BlackRock and Fidelity Investments, have filed applications to launch the first US-listed exchange-traded funds (ETFs) holding ether, the second-largest cryptocurrency. A spot ether ETF, if approved by the Securities and Exchange Commission, could open the floodgates for ETFs backed by more speculative crypto assets. However, critics have expressed concerns over the volatility and potential price manipulation associated with these assets. The SEC has until May to approve or reject the first application for a spot ether ETF, with analysts suggesting approval is possible given the recent approval of spot bitcoin ETFs.

Ether Machine, backed by crypto giants, set to raise over $1.6 billion in Nasdaq debut - The Economic Times

Economic Times

Economic Times · 1m ago

Ether Machine, backed by crypto giants, set to raise over $1.6 billion in Nasdaq debut - The Economic Times

The Ether Machine, backed by major crypto investors, plans to raise over $1.6 billion through a Nasdaq debut after merging with Dynamix Corporation. This venture will hold over 400,000 Ether, becoming a significant public vehicle for institutional Ethereum exposure. Amid growing interest in cryptocurrencies, this move underscores a trend towards integrating crypto assets into corporate balance sheets. The company will trade on Nasdaq under "ETHM" by late 2025, as institutional interest in Ethereum rises.

Indian investors are hoarding crypto post Trump's reserve call

Economic Times

Economic Times · 5m ago

Indian investors are hoarding crypto post Trump's reserve call

Indian investors are increasing their crypto holdings following US President Trump's call for a national crypto reserve. Indian crypto exchanges reported a 20-30% rise in trading, with Solana (SOL) and XRP seeing significant activity. CoinDCX observed a 10-fold surge in trading volume, briefly affecting their app's performance, which was quickly resolved. CoinDCX highlighted India's high crypto adoption rates, expecting further regulatory clarity to boost participation. Giottus also noted a rebound in trading volumes after a decline due to India's crypto taxation.

Ether fettered by fate of spot ETF proposals

Economic Times

Economic Times · 1y ago

Ether fettered by fate of spot ETF proposals

The second-largest cryptocurrency, ether, has struggled to keep up with the growth of bitcoin. While ether has seen an increase of around 53% in the first three months of the year, bitcoin has grown by 65%. Despite a recent technical upgrade, ether has not seen the same level of enthusiasm from investors as bitcoin. The approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission is seen as crucial for ether's future growth. However, there is uncertainty surrounding ether's legal status, and some believe the SEC will proceed cautiously. Nonetheless, there is growing interest in the Ethereum blockchain, which powers various applications in the crypto space.

Crypto FOMO Is Back. So Are the Scams

Wired · 1y ago

Crypto FOMO Is Back. So Are the Scams

The market for memecoins, a type of cryptocurrency, has created opportunities for scam artists. These scams often involve token presales, where developers promise early investors discounted rates. However, many of these tokens turn out to be scams or fail to deliver on their promises. This has led to the rise of sophisticated cybercriminal groups conducting these scams. Investors are urged to do their due diligence and look for warning signs before investing in new crypto projects. Establishing industry-wide standards for new tokens could help prevent these scams in the future.

Bitcoin, Ether sink to multi-month lows as recession worries take hold

Economic Times

Economic Times · 1y ago

Bitcoin, Ether sink to multi-month lows as recession worries take hold

Bitcoin and Ether experienced significant drops as concerns over a potential U.S. recession and soft data drove investors to seek safe-haven assets. The approval of a bitcoin and ether-tracking exchange-traded fund by the U.S. SEC earlier this year had initially boosted crypto markets. However, both bitcoin and ether have fallen alongside global equities amid fears of an impending recession and rising geopolitical tensions. Bitcoin is currently down nearly 20% from its peak in March. Market experts emphasize that cryptocurrencies are high-risk assets and caution about potential further declines. Bitcoin dropped to $53,091, its lowest since February, while ether hit its weakest point since January, falling 16% to $2,300.

Trump signs order to establish strategic bitcoin reserve

Economic Times

Economic Times · 5m ago

Trump signs order to establish strategic bitcoin reserve

U.S. President Donald Trump signed an executive order to establish a strategic bitcoin reserve using bitcoin from criminal or civil forfeitures. The planned reserve will include five digital assets: bitcoin, ether, XRP, solana, and cardano. While proponents see potential taxpayer benefits from crypto's price growth, the move has drawn criticism regarding potential conflicts of interest, given Trump's family's involvement in cryptocurrency ventures. Concerns also arise over favoring an already affluent crypto industry.

Donald Trump unveils US crypto reserve plan, triggering market volatility

Economic Times

Economic Times · 5m ago

Donald Trump unveils US crypto reserve plan, triggering market volatility

US President Donald Trump announced plans for a US strategic cryptocurrency reserve, including bitcoin, ether, XRP, solana, and cardano. This announcement led to significant market volatility, with bitcoin and ether surging by 11% and 13%, respectively. The total cryptocurrency market capitalization increased by over $300 billion. The move suggests a pro-crypto regulatory framework under Trump's administration, while market optimism grows as the US Securities and Exchange Commission adopts a more lenient approach toward platforms like Coinbase.

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